Opal Wealth Advisors LLC raised its stake in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 7.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,583 shares of the oil and gas company’s stock after purchasing an additional 517 shares during the period. Exxon Mobil accounts for about 0.5% of Opal Wealth Advisors LLC’s portfolio, making the stock its 24th biggest position. Opal Wealth Advisors LLC’s holdings in Exxon Mobil were worth $832,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also modified their holdings of the stock. Dark Forest Capital Management LP purchased a new stake in shares of Exxon Mobil in the fourth quarter worth approximately $27,000. Corrado Advisors LLC bought a new position in Exxon Mobil in the 4th quarter valued at $28,000. My Personal CFO LLC increased its stake in Exxon Mobil by 15,000.0% in the fourth quarter. My Personal CFO LLC now owns 302 shares of the oil and gas company’s stock worth $262,000 after purchasing an additional 300 shares during the period. Koesten Hirschmann & Crabtree INC. bought a new stake in shares of Exxon Mobil during the fourth quarter worth $36,000. Finally, Financial Connections Group Inc. boosted its stake in shares of Exxon Mobil by 1,207.1% during the fourth quarter. Financial Connections Group Inc. now owns 366 shares of the oil and gas company’s stock valued at $40,000 after purchasing an additional 338 shares during the period. 58.59% of the stock is owned by institutional investors.
Insider Activity
In related news, VP Darrin L. Talley sold 2,500 shares of the firm’s stock in a transaction on Monday, May 1st. The stock was sold at an average price of $116.11, for a total value of $290,275.00. Following the completion of the transaction, the vice president now owns 29,272 shares in the company, valued at approximately $3,398,771.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.04% of the company’s stock.
Exxon Mobil Stock Down 0.5 %
Exxon Mobil (NYSE:XOM – Free Report) last issued its quarterly earnings results on Friday, April 28th. The oil and gas company reported $2.83 earnings per share for the quarter, topping analysts’ consensus estimates of $2.65 by $0.18. The business had revenue of $86.56 billion for the quarter, compared to analyst estimates of $90.07 billion. Exxon Mobil had a return on equity of 31.48% and a net margin of 15.06%. The company’s revenue was down 4.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.07 earnings per share. On average, research analysts expect that Exxon Mobil Co. will post 9.46 earnings per share for the current fiscal year.
Exxon Mobil Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 9th. Stockholders of record on Tuesday, May 16th were paid a dividend of $0.91 per share. The ex-dividend date was Monday, May 15th. This represents a $3.64 annualized dividend and a dividend yield of 3.40%. Exxon Mobil’s payout ratio is currently 24.64%.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on the stock. HSBC lifted their price objective on shares of Exxon Mobil from $113.50 to $115.50 and gave the company a “hold” rating in a report on Thursday, April 20th. Piper Sandler dropped their price objective on Exxon Mobil from $145.00 to $127.00 in a research note on Tuesday, June 13th. Scotiabank cut Exxon Mobil from a “sector outperform” rating to a “sector perform” rating and lowered their target price for the stock from $140.00 to $135.00 in a report on Thursday, April 13th. The Goldman Sachs Group lowered Exxon Mobil from a “buy” rating to a “neutral” rating and set a $125.00 price target on the stock. in a research note on Monday, May 1st. Finally, Royal Bank of Canada downgraded Exxon Mobil from an “outperform” rating to a “sector perform” rating and set a $125.00 price objective for the company. in a report on Thursday, June 1st. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average target price of $124.70.
Exxon Mobil Company Profile
Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.
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